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to call it, what happens is that uncertainly increases in the economy. uncertainty increases in the economy investment slows down. we all know that. risk capital starts to dry up. riskiest form of risk capital that we have in america is venture capital. what we all do on the west coast or new york, wherever it is. silicone valley is the beating heart of investment and venture capital and start-ups. >> when you say risk capital, it's ventures that sometimes fail and sometimes are astronomic astronomical. >> that's part of the job. talking about single-digit billions per year invested in venture backed companies. but those create hundreds of billions of dollars in wealth and in job creation and in wealth kree yas ya yacreation. >> you're saying -- what's the part that dries it up? the uncertainty, cuts to the research spending? what's the thing that most hurts? >> fastest is uncertainty. confidence is the cheapest form of stimulus. when congress is not acting, when it is acting very poorly, when it is acting to fail almost, what's happening is that all forms of capital, all for
is that uncertainty increases in the city. when uncertainty increases in the economy, investment slows down and we all know that. risk capital starts to dry up. the riskiest fornl is venture capital. what we do on the west coast or new arc or whatever it is, silicon valley is the beating heart. >> when you say risk capital, it is ventures that sometimes fail and sometimes are astronomically successful. >> that's part of the job. we're not talking about a huge amount of money per year. we're talking single-digit millions per year and those billions per year create hundreds of billions of dollars in wealth and in job creation and in wealth creation. so that is the money that dries up first and we're seeing it already in silicon valley. >> you're saying the cuts, what's the part that dries it up, the uncertainty our the can you say to the research spending and what's the this i think that most hurts. >> fastest is uncertainty. confidence is the cheapest form of stimulus. when congress is not acting, when it is acting very poorly, when it is acting, what is happening is the all forms of capital, all forms
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the past seven weeks. 46 disapprove. numbers worse when it comes to the handling of the economy. 44% back the president. 52% do not. dan lothian joins us from the white house. so the polls certainly can't help the president's cause, especially without republicans. >> it certainly shows there is a lot of frustration out there, a lot of concern for americans when it comes to the president dealing with debt and deficit. we expect republica will shine a big spotlight on that raising some of the same concerns and criticisms and you you heard some of that yesterday from representative paul ryan, the chairman of the house budget committee as he was rolling out his own budget that seeks to balance the budget over the next decade by doing away with a locality of health care reform, by streamlining the federal tax code. but president obama in an interview with abc news, says when it comes to the timeline, it's not what he has in mind. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're go
into the economy, until they see things change substantially. and what they're talking about in terms of substantial change is the unemployment rate going down to 6.5%. the federal reserve, they have regular meetings, they give regular statements on what they're going to do. today was one of those regular meetings that was scheduled. we were not expecting a change in rates. obviously with rates as low as they are, the only option will to be raise rates and you don't typically raise rates, wolf, unless you're trying to slow an economy down. if you raise rates, it makes it harder, more expensive for people to borrow money. they spend less. they borrow less. we're not at that point right now. so rates are staying exactly where they were, the federal reserve will continue to print and pump $85 billion into the economy. the way they do that, wolf, is they buy bonds back from banks, treasuries and mortgage-backed securities that gives banks more money to lend to businesses, and individuals for their mortgages or for their business expansion, and that puts more money into the economy. they'r
the world has changed in the last ten years. the global economy is real. we don't live in a national economy anymore. everything you buy, everything you sell, everything you touch, it's all impacted by things that are happening halfway around the world. the information age is real that's made our lives easier. it's allowed you right now to take pictures with your phones and tweet every word i say for or against me. it's changed the world. and it's made our life easier. it's also changed our economy. you go into a grocery store today and you will find machines doing the jobs that people once used to do. you find a day in many businesses that one person because of automation can do the work five people used to do. it's the work around us that's changed. and this has had an impact on our people. on our hard working people. many have seen jobs wiped out. jobs they've been doing for 20 years disappeared overnight. many of them -- and many of them do things the right way. for example, they pay their mortgages on time. and now when the housing bubble came they were stuck with a bill for bailing out
to produce acompromise. and that would be a good thing for the american economy and a good thing for the american middle class. >> are there any indicators at this juncture that there are some come grounds being found? >> i think you saw with the dinner with the group of senatoring saying they would be willing to consider a balanced approach, consider revenue from tax reform coupled with, you know, a savings generated with entitlement reform and that's essentially the president's position and what he's put forward in his proposal. we'll see. the gap is wide. we saw with the house republican budget proposal presented this week by chairman paul ryan that there are -- there's a huge chasm in terms of at least the president's view and the view of a lot of folks in the country and also in the senate versus the house republican view, which is basically to have all the burden of deficit reduction be bourn by senior citizens, by voucherizing medicare, by families that depend on assistance for education and assistance for helping their elderly parents and nursing homes, basically ask all
capitalism, trade, the renaissance, and the global economy. all because of double entry book keeping. read the book and you'll be convinced. >> american media spilled a lot of ink and told us which countries hate america, which ones ca s tolerate america, andh ones really like us. much less is know about how americans feel about our brothers and sisters abroad when we tedare to think about them. gallup has a new poll that does just that with some surprising results. without further ado, america's most hated nations. number five, the palestinian authority. number four, syria. number three, pakistan. number two, north korea. and the nation americans feel least favorable about, drum roll, please, iran. whom do we love? in fifth place, france. then japan. then germany. well, i guess those last two show americans can really get over the past. great britain gets second place and we don't have the luxury to travel far to find our bus boso buddies. canada is number one. i guess we have entirely gotten over the war of 1812. does anyone remember what it was about? hint, if it had gone the other way,
of that was the contribution that, well, we didn't have secure borders and at a time when the economy is cratering, all of a sudden it became a very dark process, we're eating our own tail. more jobs for immigrants may have meant less jobs for someone else. and the way you lead yourself out of that is, no, no, everyone has something to con tribute. let's get an immigration process that brings people who want to come here, who want to become americans, who want to contribute to this country not take from this country. and that's always been the republican message. fortunately, they allowed a few republican media consultants to stay. i'm happy about that. but our problems are bigger than just hispanics or women or young voters. our problems are that as a party, you're supposed to lead people over the horizon to a better place. and we for got that. we thought our principles were just good for saying no, to be the brake pedal on the car, not to get our hands on the steering wheel. but you're seeing that change. these past couple of weeks, you saw change in the cast of characters in the republican party. it
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will harm, not help our economy. that's why i'm reaching out to republicans and democrats to come together around a balanced approach, a smart, phased in approach to deficit reduction, that includes smart spending cuts and entitlement reforms and new revenue and that won't hurt our middle class or slow economic growth. and if we do that, then we can move beyond governing from crisis to crisis to crisis and we keep our focus on policies that actually create jobs and grow our economy and move forward to face all the other challenges we face from fixing our broken immigration system, to educating our kids, to keeping them safe from gun violence. and few pieces of business are more important for us than getting our energy future right. so here at argon, and other labs around the country, scientists are working on getting us where we need to get ten years from now, 20 years from now. today, what most americans feel first when it comes to energy prices or energy issues are prices that they pay at the pump. and over the past few weeks, we saw, we went through another spike in gas prices, people a
the recession. now it's beginning to fall as the economy improves. but tuition at four-year colleges is rising. the job market is still struggling, and student loan debt is skyrocketing. >> attending a community college and getting an associate's degree is a more practical decision. >> reporter: so if you're trying to trim your college costs, start at a community college. >> where you went to school matters less and less. what matters more and more is what you take. >> reporter: second, learn a practical in-demand skill like computer science. finally, see if your employer will chip in. >> that was essential to help me finishing my bachelor's. >> reporter: christine romans, cnn, new york. >>> it's a rare saturday in court for two high school football players accused of raining a teenaged girl. our legal guys will dissect some of the damning evidence. the american dream is of a better future, a confident retirement. those dreams have taken a beating lately. but no way we're going to let them die. ♪ ameriprise advisors can help keep your dreams alive like they helped millions of others. by list
to our economy with every single new home that is built. so with the february numbers coming out this week, and it expected to show about twice as high as what it was at the trough in april of 2009. that's good news. >> how can you tell when the real estate market is just warm or when it's really about to get red-hot? >> well, red-hot i guess i wouldn't describe it right now. we're still about 2 1/2 times lower than we were at the peak in january of 2006. but certainly when you're looking at the s&p case schiller home price index and you see it up 10% year over year, that's a pretty good number. when inventories are relatively lean, that implies there are an awful lot of people that might be competing with you. >> the mfederal reserve meeting this week. what they decide on interest rates trickles down to the rest of us. should we be getting ready for higher interest when we buy a car or house? >> no, i don't think that's going to be a concern. fed already told us it plans on waiting until 2015 and with all of the debt that's coming due, they certainly don't want to refinance that
future, at least until the economy dramatically were to shift and there would be economic growth, 4%, 5%, 6% a year as opposed to the anemic growth right now. it doesn't look good. my own sense is it doesn't hurt to do this charm offensive, certainly doesn't hurt to engage in a discussion, and maybe, when all the dust settles, they can come up with some sort of compromise. they've got until really the end of july, early august. that's when the nation's debt ceiling has to be raised once again and if they don't do it by then, america's crededy worthiness could be endangered once again, a reduction in america's credit rating. there's a lot to discuss. >> you are a hopeful, hopeful man, wolf blitzer. charm is always a good thing. we will see how far charm takes the president with the ideas so die metically opposed. you can join wolf this afternoon as we go inside the tsa's secret store room, on "the situation room" today at 4:00 eastern time. >>> she, of course, came into our lives as a strong and independent rhoda on "the mary tyler moore show." valerie harper is showing us how to face th
: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. how we get there is not. we're americans. we work. we plan. ameriprise advisors can help you like they've helped millions of others. to help you retire your way, with confidence. ♪ that's what ameriprise financial does. that's what they can do with you. let's get to work. ameriprise financial. more within reach. >>> she could barely move. she was like a dead body. these are text messages sent by one of two high school football players who are accused of raping a 16-year-old girl who was so drunk she could barely move, allegedly assaulting her several times at several different end of summer parties. these boys are on trial now. 17-year-old trent mays and 16-year-old malik richmond. cnn's poppy harlow just came out of the courtroom. poppy, update us on how it's going today? >> reporter: actually, this is day three of this rape case in steubenville that has caught national attention, as you know. two very key witnesses for the prosecution. first for hours and hours yesterday, joanne gibbs
and local government levels. and throughout he understands that our economy works best when the middle class and those working to get into the middle class have the security they need on the job, a democratic voice in the workplace, everybody playing by the same set of rules. tom's knowledge and experience will make him an outstanding secretary of labor. and there's plenty of work to d. we're going to have to work very hard to make sure that folks find jobs with good wages and good benefits. we've got to make sure that our veterans who are returning home from iraq and afghanistan have a chance to put their incredible skills and leadership to work at home. we need to build an immigration system that works for every employee and every family and every business. i'm confident that tom's going to be able to work to promote economic growth, but also make sure that that growth is broad based. and he's going to be an sbre gal part of our team. these are a few of the families are facing and where they need an advocate and tom's the right person for that job. so i hope that the senate will act swiftl
' tax and spend, you get the same economy that you've had right now. you're going to lose more of your paycheck which every person working today has. >> all right. so another thing happening at the white house here. the easter egg roll might be spared from this government gridlock. all this started when ticket holders to the annual event were told it could be cancelled if lawmakers cannot agree on a plan to prevent the government from shutting down. this year's easter egg roll set for april 1st. looks like it's going forward as planned. we know it's a fun event. a lot of people look forward to taking their kids, getting tickets. it would be a sad loss especially d.c. kids, folks in the area. how did this happen? >> reporter: i don't know if people would have worried that the easter egg roll, which is a fun day of games and of course the easter egg roll is part of it for the kids i done flow that people would have worried it was going to be canceled except that the white house earlier this month had said it was going to cancel tours of the white house through the end of september to sav
. what's your policy? ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> a grieving mother says she firmly believes someone is holding her missing daughter. she is pleading for her return. you may have heard about this. take a listen. >> it's very hard. i can't sleep at night. i can't sleep at night. i can't eat. i keep thinking about my child and where she could be. i just want her back. so, please, if you're listening and you're watching this, please, return lynn home. please. that's all i want. i want her home. >> absolutely heart wrenching. terrilynn monette, a teacher, was last seen 12 days ago, right around 4:00 in the morning, according to police, outside of a bar in new orleans. she had been out that night, apparently celebrating her recent nomination as district-wide teacher of the year. monette and her car both are missing. you see it here, this is a black honda accord. take a good long look, 2012. just yesterday, the houston-based group called equusearch joined the hunt for monette. they are the on
economy, they'll find a war to start or start one of their own, and we'll never get those live or money back." and from michael, "hopefully we learn to keep our noses out of other country's business, unless they threaten to attack or do attack the united states." please, keep the conversation going. we have great response to this question and it's so important, so facebook.com/carolcnn or tweet me @carolcnn. the next hour of "cnn newsroom" after a quick break. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. music ... music ... music... >>> happening now in the newsroom, sex, lies, and videotape. breaking overnight, new details about senator robert menendez and claims he paid for hookers in t
the economy, just as things are getting back on track here. you know, it's a lot for these legislators and the governor to weigh, weighing those sorts of issues with, you know, crimes like this. >> and when will the governor come out and actually sign those bills into law? do you know, jim? >> i believe that's scheduled for later this afternoon. i don't know if that's changed, because of what happened today. i would tend to doubt it, but i think he's scheduled later this afternoon to sign that. >> jim spellman, i'm sure you're still on the case trying to get more information for us and u.s. >> sad story out of colorado springs, colorado this morning. we'll be right back. ♪ [ female announcer ] from meeting customer needs... to meeting patient needs... ♪ wireless is limitless. [ female announcer ] from fiing the best way... ♪ to finding the best catch... ♪ wireless is limitless. mr. wiggles and curling irons. for the little mishaps you feel, use neosporin to help you heal. it kills germs so you heal four days faster neosporin. also try neosporin eczema essentials. all your impor
Search Results 0 to 19 of about 20

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